When it comes to business planning, companies often think that they are pigeonholed into one of two options: either follow the traditional route and create a static, one-time business plan that ...

Colin Parris is CTO & SVP of GE Digital, a global leader in digital technology and empowering digital transformation efforts at scale. As you refine your business strategy for 2021, you may be asking ...

The lean startup technique is a three-step approach designed to help companies improve their decision-making in order to ...

Startups operate in a fast-paced environment where resources are scarce, time is of the essence, and the margin for error is ...

Opinions expressed by Entrepreneur contributors are their own. I have a problem with what’s called the “lean startup.” I like to think I use it as much as I can, and even that I was using that method ...

Because lean manufacturing reduces waste and increases the efficiency of your production line, it has an impact on other parts of the business. Converting to the new system requires adjustments within ...

Lean manufacturing and Six Sigma principals are used to improve processes and create efficiencies in the overall manufacturing process. Lean manufacturing is used to minimize waste, while saving costs ...

Lean manufacturing isn't just a trendy concept; it's a strategic framework designed to streamline processes, slash costs and boost productivity. By minimizing waste and focusing on value-added ...

Starting a company without outside capital, commonly known as "bootstrapping," is a strategy many startups adopt for reasons other than simple necessity. There are several long-term advantages you can ...

Lean is a business philosophy applicable to any kind of work process at any kind of business. The premise: driving out waste in all of its forms will lead to better value for the customer. It means ...

Opinions expressed by Entrepreneur contributors are their own. Lean is good. Fat is bad. Right? Maybe not. Ask the polar bear if he doesn’t store fat, how would he survive the winter? This furry ...

There is a common lean phrase, “Bad systems beat good people.” Sometimes it is attributed to Dr. W. Edwards Deming although it isn’t actually his quote. I’ve used it for 20 years but couldn’t tell you ...